Will the shocks of war end the global deals boom? March 9, 2022 London dealmaking showed the first strains of war this week as precision manufacturer Spectris abandoned its takeover bid for microscope-maker Oxford Instruments, citing volatility sparked by Russia’s invasion of Ukraine.
Record-breaking year for TV advertising with investment hitting £5.46bn March 9, 2022 Investment in TV advertising hit a record high last year, up £1bn to £5.46bn and exceeded pre-pandemic levels by 11 per cent. According to data from Nielsen Ad Intel, all major advertising categories increased their TV investment in 2021, with the largest increase coming from ‘online-born businesses’ – businesses that began online, with no prior [...]
Crypto exchange Coinbase blocks 25,000 Russian accounts March 8, 2022 Crypto exchange Coinbase has blocked 25,000 accounts linked to Russian individuals and businesses.
The City View: US and UK boycott Russian oil, and Susannah Streeter and Michael Hewson on inflationary pressure March 8, 2022 Today Andy Silvester sits down for a chat with Hargreaves Lansdowns’ Susannah Streeter and CMC Markets’ Michael Hewson. They discuss trading being suspended on the London Metal Exchange after a record price spike in nickel; the Bank of England assessing inflationary pressures; and a whole mélange of financial woes for Brits as energy bills, taxes, [...]
Calls to boycott Coca-Cola, PepsiCo, Pizza Hut and McDonald’s over refusal to quit Russia March 8, 2022 Major international food and drink brands including Coca-Cola, McDonalds, PepsiCo and Pizza Hut have refused to close outlets in Russia – leading to calls for boycotts from campaigners. Companies have faced mounting calls to quit selling their products in Russia following its invasion of Ukraine, as other major international brands such as Apple and Netflix [...]
Vodafone woes: Europeans competitors Orange and Masmovil gear up for megamerger March 8, 2022 Two of Europe’s biggest telecom firms Orange and Masmovil have entered into exclusive talks to combine their businesses in Spain.
Google snaps up cybersecurity firm Mandiant for £4.1bn March 8, 2022 Alphabet’s Google has snapped up cybersecurity firm Mandiant for $5.4bn (£4.1bn) in cash as the company expands its thriving cloud business. Google’s offer of $23 per share is at a premium of about 53 per cent to Mandiant’s stock price before a report that said Microsoft was eyeing a deal to buy the company, Reuters reported this morning. It [...]
Stability begins to return to Bitcoin and crypto markets March 8, 2022 The crypto markets are mostly flat over the last 24 hours, with the Bitcoin price sitting steady at just above the $38k mark.
Could quantum computing render blockchain obsolete? March 8, 2022 | City Talk ‘What happens when quantum computers become reality?’: one of my favourite moments at a cryptocurrency seminar last year was when someone asked this. After a long pause, the speaker said something akin to: “We will figure that out when we get there.” Let me explain. The premise of blockchain technology and the cryptocurrencies, non-fungible tokens [...]
Mobileye gears up for Nasdaq return after Intel files for US float March 7, 2022 Chipmaker Intel said its self-driving car unit, Mobileye, has confidentially filed paperwork for an initial public offering in the US. As first reported by Reuters, US technology giant Intel did not give further details about the potential float of Mobileye, but did state that there was an increasing pressure on Intel chief exec Pat Gelsinger to spin [...]